A Presentation on Corporate Social Responsibility (CSR) Policy of - - PowerPoint PPT Presentation

A Presentation on

Corporate Social Responsibility (CSR) Policy of UJVNL

Every company having-

(i)

net worth of rupees five hundred crore or more, or;

(ii)

turnover of rupees one thousand crore or more or;

(iii) a net profit of rupees five crore or more during

immediately preceding financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of 3 or more directors, out of which at least 1 director shall be an independent director. UJVNL falls within the ambit of Corporate Social Responsibility (CSR)

The Board of every company shall ensure that the

company spends, in every financial year, at least 2%

• f the average net profits of the company made during

the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy.

Any fund that is left unutilized in any financial year,

shall be carried forward to the next year as per the provisions of The Companies Act, 2013.

For the purposes of this section “average net profit”

shall be calculated in accordance with the provisions

• f section 198 of The Companies Act, 2013.

‘Net Profit’ mean net profit before tax as per books

• f the accounts calculated as per provisions of

Section 198 of the Act.

2% of C.S.R. spending is calculated as 2% of the

average net profit made by the UJVNL in a block of 3 years.

For purpose of first CSR reporting of UJVNL, the

net profit mean average of annual net profit of the preceding three financial years ending on or before 31stMarch, 2014.

CSR Committee is a Sub-Committee of the Board and is constituted

by Board of Directors having minimum three members of the Board

• ut of which one must be independent director.

In Pursuant to The Companies Act, 2013, Managing director, UJVNL

will be a permanent member of CSR Committee and the Company Secretary, UJVNL is the Secretary of the CSR Committee.

At present the CSR Committee of UJVNL consists of following 4

members:-

1.

Shri J.L. Bajaj

• Chairman & Independent Director

2.

Shri C. M. Vasudev - Member & Independent Director

3.

Shri B.P Pandey

• Member & Independent Director

4.

Shri S. N. Verma

• Member & Managing Director, UJVNL

The "Corporate Social Responsibility Rules, 2013 of UJVN Limited was approved by the Board of Directors in their 75th meeting held on 27.06.2015 and was implemented in UJVNL from financial year 2014-15.

All items that are enumerated in Schedule VII of The Companies Act,

2013 and as amended till date can be undertaken by UJVNL under the CSR Policy and shall form essential part of this policy.

Out of the aforesaid list, the company prepares a list of CSR

Projects/programmes which the company plans to undertake during the implementation year by specifying modalities of execution in the areas/sector chosen and implementation schedule for the same. The focus shall be to integrate the business models with social and environmental priorities and processes in order to create shared value.

After the approval of statutory limit of 2% by the CSR Committee, it

is within the full powers of Managing Director to spend such amount

• n such schemes and in such areas as have been specified by CSR

Committee.

The following items can be undertaken under CSR Policy of UJVNL :-

(i)

eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water;

(ii)

promoting education, including special education and employment, enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects;

(iii)

promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;

(iv)

ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality

• f soil, air and water;

(v)

protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts;

(vi) measures for the benefit of armed force veterans, war widows and their dependents; (vii) training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports; (viii) contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women; (ix) contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government; (x) rural development projects, Slum area development; (xi) Contribution to the Swachh Bharat Kosh set up by the Central Government for the promotion of sanitation; (xii) Contribution to the Clean Ganga Fund set up by the Central Government for rejuvenation of river Ganga.

Financial Year Amount of Fund Allocated (in Rs.) Amount of Fund Spent (in Rs.) Balance amount of Fund (in Rs.) 2014-15 1,40,49,622.43 NIL 1,40,49,622.43 2015-16 1,0957,706.26 + 1,40,49,622.43 (balance being c/f from F.Y 2014-15) Total- 2,50,07,328.69 6,61,000 2,43,46,328.69 2016-17 1,97,14,871.21 + 24346328.69 (balance being c/f from F.Y 2015-16) Total- 4,40,61,199.90 20,35,000 4,20,26,199.90 2017-18 1,74,10,136 (Un audited) + 4,20,26,199.90 (balance being c/f from F.Y 2016-17) Total- 5,94,36,335.90 Expenditure till 11.01.2018

• 10,42,000

5,83,94,335.90

THANKS